Subject Category > General Knowledge

Q. Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial assets freely and at market determined exchange rates?

A) Financial Deficit Management

B) Capital Account Convertibility

C) Restrictive Trade Practices

D) Mimimum Support Price

✔ Capital Account Convertibility

Additional Information > Exam point of View

Capital account convertibility is the policy designed to transfer local financial assets into foreign financial assets freely and at market-determined exchange rates.

Asked Question

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